In a weekend note, Goldman Sachs Economists Jan Hatzius and David Choi pointed out that according to their study, the risky assets such as the stock markets are reacting more strongly to the hawkish monetary shocks from the US Federal Reserve (Fed). Key Quotes: “The reason, ironically, is that the Fed is losing its forecasting edge. The Fed’s relative predictive advantage versus private economists has declined in recent years as the higher quality and quantity of forecasters makes it harder for anyone, including Fed staff, to beat the “wisdom of the crowd”. It also means that after hawkish monetary shocks, such as a surprise rate hike or indication of higher rates, markets tend to react more negatively and consensus growth forecasts now decline.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next JPY futures: decline loses momentum near term FX Street 4 years In a weekend note, Goldman Sachs Economists Jan Hatzius and David Choi pointed out that according to their study, the risky assets such as the stock markets are reacting more strongly to the hawkish monetary shocks from the US Federal Reserve (Fed). Key Quotes: "The reason, ironically, is that the Fed is losing its forecasting edge. The Fed's relative predictive advantage versus private economists has declined in recent years as the higher quality and quantity of forecasters makes it harder for anyone, including Fed staff, to beat the "wisdom of the crowd". It also means that after hawkish monetary shocks,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
